News
Brent oil to test $90 per barrel this week
12:48 08.11.2010 |
Business
Brent oil prices open the week’s trading session slightly lower near $88 a barrel but market forces and US dollar weakness could see oil prices test the $90 mark for the first time in 2010. Oil prices staged their longest rally this year, extending gains into a seventh day in Asia Monday as a mini employment boom in the US and a second quantitative...
Federal Reserve to add more stimulus to spur flagging recovery
14:43 03.11.2010 |
Business
In early European deals on Wednesday, the euro showed mixed trading against other major currencies as investors remained cautious ahead of the announcement of quantitative easing by the U.S. Federal Reserve later in the day.
BP returns to profit, estimates oil spill at $40 billion
20:59 02.11.2010 |
Business
Energy giant BP announced a return to profit on Tuesday but revealed new shock estimates for the cost of its Gulf of Mexico oil spill, putting the expected bill at close to $40 billion.
Russia agrees to increase export of gas to Poland
15:53 29.10.2010 |
Business
Russia and Poland have signed a long-delayed deal that will increase imports of gas from Russia. The signing comes after the European Union intervened to guarantee other countries access to the pipeline. The deal was signed Friday in Warsaw by Russia's Deputy Prime Minister Igor Sechin and his Polish counterpart Waldemar Pawlak.
Dollar hits 15-year low vs. Japanese yen
15:46 25.10.2010 |
Business
World stocks rose and the dollar slumped Monday after global finance chiefs vowed to avoid a currency war that could derail the global recovery. With no concrete guidelines to go by, however, investors are wary that this may only prove a temporary truce.
GM to commit $773 million toward cleaning up old plant sites
18:57 21.10.2010 |
Business
The bankruptcy estate of General Motors will commit $773 million toward cleaning up old plant sites and other property abandoned by the automaker, under a deal reached Wednesday with the Obama administration and 14 states.
Toyota recalls 1.53 million cars for brake fluid and fuel pump problems
16:33 21.10.2010 |
Business
Toyota is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems, the latest in a string of quality problems for the world's No. 1 automaker.
